Meydan and Nad Al Sheba Market Report: Q3 2026
In Q3 2026, the median villa and townhouse price in Meydan and Nad Al Sheba was AED 6.2 million, across 71 residential sales transactions worth AED 501 million, according to Richmond Properties' analysis of Dubai Land Department data.
Key statistics
Q3 2026, compared with Q2 2026
- 71
- Residential sales transactions −19.3%
- AED501 million
- Sales value −24.8%
- AED2,041
- Apartments, median price per sq ft⚠ 16 Broadly unchanged
- AED6.2 million
- Villas and townhouses, median price −53.0%
- 56%
- Off-plan share of sales 40 off-plan sales
- 37
- New lease registrations (Ejari) −24.5%
- AED340,000
- Villa rent, median a year +6.2%
Apartments, median price per sq ft
Lighter bars: fewer than 30 sales
Villas and townhouses, median price
Lighter bars: fewer than 30 sales
Villa and townhouse rent, median a year
Lighter bars: fewer than 30 leases
Apartment sales
Off-planReadyTotal sales
Villa and townhouse sales
Off-planReadyTotal sales
Villa and townhouse lease registrations
NewRenewedTotal lease registrations
Homes in Meydan and Nad Al Sheba
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FAQ
How many residential sales transactions were recorded in Meydan in Q3 2026?
Residential sales transactions in Meydan totalled 71 in Q3 2026, worth AED 501 million. Sales declined 19.3% quarter-on-quarter. Off-plan sales accounted for 56% of the total and owner resales 18%.
What is the price per sq ft in Meydan?
The median apartment price in Meydan was AED 2,041 per sq ft in Q3 2026, across 16 sales; it remained stable quarter-on-quarter, and was 21% above the Dubai median. The median villa and townhouse price was AED 6.2 million, across 55 sales; it declined 53.0% quarter-on-quarter.
Are property prices in Meydan going up or down?
The median apartment price in Meydan declined 3.1% between Q1 2026 and Q3 2026, from AED 2,106 to AED 2,041 per sq ft.
| Quarter | Sales | Value | Apartments, per sq ft | Villas, median | New lease registrations | Apartment rent, per sq ft | Gross yield |
|---|---|---|---|---|---|---|---|
| Q1 2026 | 266 | AED 2.32 billion | AED 2,106 | AED 6.8 million | 24 | – | – |
| Q2 2026 | 88 | AED 667 million | AED 2,036 | AED 13.2 million | 49 | – | – |
| ⚠Q3 2026 | 71 | AED 501 million | AED 2,041 | AED 6.2 million | 37 | – | – |
How much does a home in Meydan cost by number of bedrooms?
In Meydan in Q3 2026, median prices were AED 1.6 million for a 1-bedroom apartment (13 sales); AED 2.6 million for a 2-bedroom apartment (3 sales); AED 5.5 million for a 3-bedroom villa or townhouse (26 sales).
| Bedrooms | Sales | Median price | Per sq ft |
|---|---|---|---|
| ⚠1-bed | 13 | AED 1.6 million | AED 2,025 |
| ⚠2-bed | 3 | AED 2.6 million | AED 2,325 |
| Bedrooms | Sales | Median price | New lease registrations | Median rent, a year | Gross yield |
|---|---|---|---|---|---|
| ⚠3-bed | 26 | AED 5.5 million | 25 | AED 300,000 | 4.5% |
| ⚠4-bed | 0 | – | 10 | AED 490,000 | – |
| ⚠5-bed | 0 | – | 2 | AED 624,129 | – |
What is the average rent in Meydan?
New villa and townhouse lease registrations had a median rental rate of AED 340,000 a year, across 37 registrations. 37 new leases and 0 renewals were registered with Ejari.
How much does property in Meydan cost in US dollars?
The UAE dirham is pegged to the US dollar at AED 3.6725. At that rate, in Meydan in Q3 2026, the median apartment price of AED 2,041 per sq ft is approximately $556 per sq ft; the median villa and townhouse price of AED 6.2 million is approximately $1.69 million.
How many prime sales were recorded in Meydan?
19 prime sales (AED 10 million and above) were recorded in Meydan in Q3 2026, worth AED 267 million and accounting for 26.8% of sales. Villas and townhouses accounted for 19 of them and off-plan sales for 0.
How does Meydan compare with Dubai?
The median apartment price in Meydan was 21% above the Dubai median in Q3 2026, at AED 2,041 per sq ft compared with AED 1,692.
| Measure | Meydan | Dubai |
|---|---|---|
| ⚠Apartments, median per sq ft | AED 2,041 | AED 1,692 |
| Villas and townhouses, median | AED 6.2 million | AED 3.7 million |
| Villa rent, median a year | AED 340,000 | AED 180,000 |
| Off-plan share of sales | 56% | 69% |
Which sub-communities in Meydan recorded the most sales?
Nad Al Sheba Gardens Phase 2 recorded the most sales of any sub-community in Meydan in Q3 2026, with 13 sales worth AED 85.0 million.
| Sub-community | Developer | Sales | Value | Off-plan | Apartments, per sq ft |
|---|---|---|---|---|---|
| Nad Al Sheba Gardens Phase 2Nad Al Shiba First | – | 13 | AED 85.0 million | 0% | – |
| Nad AL Sheba Gardens Phase 4Nad Al Shiba First | Meraas | 11 | AED 99.2 million | 64% | – |
| Nad Al Sheba Gardens Phase 3Nad Al Shiba First | Al Qudra Estates | 9 | AED 72.2 million | 67% | – |
| Nad Al Sheba Gardens Phase 5Nad Al Shiba First | Meraas | 7 | AED 38.4 million | 100% | – |
| ⚠Vedaire ResidencesNad Al Shiba First | – | 7 | AED 11.0 million | 100% | AED 1,985 |
| Nad Al Sheba Gardens Phase 11Nad Al Shiba First | Nas Estates | 6 | AED 91.6 million | 0% | – |
| Nad Al Sheba Gardens Phase 8 & 9Nad Al Shiba First | – | 5 | AED 58.6 million | 20% | – |
| ⚠Emerge ResidencesNad Al Shiba First | – | 5 | AED 10.6 million | 100% | AED 2,325 |
| Nad Al Sheba Gardens Phase 6Nad Al Shiba First | – | 2 | AED 17.3 million | 50% | – |
| Nad Al Sheba Gardens Phase 7Nad Al Shiba First | Meraas | 2 | AED 10.4 million | 100% | – |
Which developers recorded the most off-plan sales in Meydan?
Meraas recorded the most off-plan sales in Meydan in Q3 2026, with 16 sales worth AED 87.9 million, accounting for 40% of off-plan sales. It was followed by Al Qudra Estates (6), Rabdan Square Developments (2).
| Developer | Off-plan sales | Value | Share of off-plan sales |
|---|---|---|---|
| Meraas | 16 | AED 87.9 million | 40% |
| Al Qudra Estates | 6 | AED 34.5 million | 15% |
| Rabdan Square Developments | 2 | AED 3.2 million | 5% |
| Nuri | 1 | AED 2.5 million | 2% |
What do the figures mean?
- Median price
- The middle sale price once all sales are ranked: half of sales were above it and half below. Used instead of the average so a few very large sales don't distort the figure.
- Price per sq ft
- Sale price divided by the registered area in square feet, then the median across sales. Reported for apartments; villa records often carry the plot size, so villas are reported per home.
- Off-plan and ready
- Off-plan sales are homes sold before completion; ready sales are completed homes, including owner resales and developers' completed stock.
- Sub-community and building
- Where DLD records a home: a sub-community for villas and townhouses (for example Raya in Arabian Ranches 3), a building for apartments, or the project name for off-plan homes.
- Ejari
- Dubai's official lease registration system. Rents here are new Ejari leases registered in the period; renewals are counted separately.
- Gross rental yield
- Median new annual rent divided by the median ready sale price, before costs. Shown only between 3% and 12%; outside that range the pairing reflects data errors rather than a yield.
- DLD area and community
- The Dubai Land Department records sales and leases by official area, which can differ from the name people use. Each report names the DLD areas it covers.
- ⚠ Small sample
- A figure based on fewer than 30 sales or leases. It is shown, but can move a lot from period to period.
How should this report be cited?
Richmond Properties (2026). Meydan and Nad Al Sheba Market Report: Q3 2026. Data: Dubai Land Department. Published 2 November 2026. https://richmondproperties.ae/insights/market-reports/meydan-nad-al-sheba/2026-q3. Licensed CC BY 4.0.
In copy: “according to Richmond Properties’ analysis of Dubai Land Department data”.
Figures are Dubai Land Department open data for Q3 2026 (July to September), compared with Q2 2026. Sales are counted by transaction date and cover homes only: apartments, hotel apartments, villas and townhouses (including villa plots). Offices, shops, hotel rooms, development land and labour accommodation are excluded. Rents are new Ejari leases; leases are assigned to a community through their building or sub-community where DLD files them under a different district. 2 transactions identified as recording errors are excluded. Figures and text are generated from Dubai Land Department data by Richmond Properties’ reporting system. Data as of 2 November 2026. This report is for general information and is not financial or investment advice.